Question: This week's discussion topics are: Choose one topic.there is 2 topic. 1. Case Questions #2 on page 774 OR Topic:-Ned and Sarah formed an LLC
This week's discussion topics are:
Choose one topic.there is 2 topic.
- 1. "Case Questions" #2 on page 774 OR
Topic:-Ned and Sarah formed an LLC to buy and renovate apartment buildings. They did not sign an operating agreement but they orally agreed that they would dissolve the LLC if they could not get along. The two owners argued repeatedly and Ned refused to meet with Sarah, although he was willing to take her phone calls. Ned continued to work on the renovation that was then underway. Sarah asked a court to dissolve the LLC. Under state law, an LLC without an operating agreement could only be dissolved if (1) the management of the entity is unwilling to reasonably promote the stated purpose of the entity or (2) continuing the entity is financially unfeasible. What result in Sarah's lawsuit? What is the moral of this story?
- 2. "Case Questions" #3 on page 82
TOPIC:-Dickens, Inc. is a bookstore incorporated in Nevada. From its warehouse in Montana, it ships books to all 50 states. The company's owner lives in New York, its web designer lives in California. Where is Dickens a domestic corporation? Where must it qualify to do business?
The grading criteria for your essay is shown below:
Facts: 0 point ( You simply copy and paste the facts provided by the essay questions from the textbook)
Issue: 1 point ( Your capability to identifying ALL the legal issues presented by the case)
Decision: 1 point (serving as a judge, you need to issue a court decision when all issues are decided)
Reasoning: 2 point ( This is the most important part of the essay. You need to refer to the definition of the law and interpret it to support the decisions above. )
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
